Tuesday, July 1News That Matters

Month: March 2025

Identity Cards for Street Vendors should be distributed quickly -Tushar Giri Nath

Identity Cards for Street Vendors should be distributed quickly -Tushar Giri Nath

News
Bengaluru: March 03: BBMP Chief Commissioner Tushar Giri Nath, instructed the officers to hand out identity cards to the street vendors identified through a survey in the BBMP limit. Addressing a meeting held at the BBMP head office today on various issues within the BBMP limit, he said that about 27,000 street vendors have been identified in all 8 zones under the BBMP limit and it was directed to distribute identity cards to all of them as soon as possible. The format of the identity cards for street vendors should be finalized and all of them should be given identity cards. After that, he directed that street vendors should be allowed to do business in the vending zones. Conduct the survey quickly: The BBMP is conducting a zone-wise survey to identify out-of-school childre...
Of Gross Office Leasing in last 2 Yrs, GCCs share at 37%, Bengaluru tops with 24 mn sq. ft.

Of Gross Office Leasing in last 2 Yrs, GCCs share at 37%, Bengaluru tops with 24 mn sq. ft.

News
A total of 141.43 mn sq. ft. of gross office space was leased across the top 7 cities in 2023 & 2024 together Global Capability Centres (GCCs) alone leased approx. 52.88 mn sq. ft. in the last 2 Yrs. Bengaluru’s share alone in GCC leasing comprises a significant 46% among the top 7 cities, followed by Hyderabad with 19% share or approx. 10.06 mn sq. ft. If we deep-dive, gross leasing by GCCs in 2023 across the top 7 cities stood at approx. 24.5 mn sq. ft. which increased to 28.38 mn sq. ft. in 2024, a 16% yearly jump Increased govt. support for GCCs in Tier 2 & 3 cities (announced in the Union Budget recently) to help states attract and promote GCCs will further strengthen India’s position as a global business hub Incremental hiring across GCCs is anticipated to crea...
Dubai’s Residential Real Estate Market Surges – 55% Surge in Transactions, 44% Rise in Sales Value in October-December 2024: Square Yards

Dubai’s Residential Real Estate Market Surges – 55% Surge in Transactions, 44% Rise in Sales Value in October-December 2024: Square Yards

News
Dubai, UAE, February 24, 2025 – During the October–December 2024 quarter, Dubai’s residential market recorded 33,110 registered transactions, representing a 55% year-on-year (Y-o-Y) increase compared to the 21,405 transactions recorded during the same period in 2023. This growth in annual activity demonstrates strong buyer interest, while the minor quarterly adjustment indicates a steady, healthy market. The registered home sales value (GTV) for the quarter reached AED 65.23 billion, marking a 44% Y-o-Y increase over the AED 45.45 billion reported in October–December 2023. Average registered home sales value also adjusted slightly, coming in at AED 1.97 million, dropping marginally by 7%. Dubai Residential Real Estate Summary – October-December 2024 Oct-Dec 2024 July-Sept...